Material Impairment. There is a material impairment of the prospect of repayment of any material portion of the Obligations owing to Lender or a material impairment of the value or priority of Lender’s security interests or mortgages in the Collateral.
Appears in 2 contracts
Sources: Loan and Security Agreement (Hightimes Holding Corp.), Loan and Security Agreement (Origo Acquisition Corp)
Material Impairment. There is a material impairment of the prospect of repayment of any material portion of the Obligations owing to Lender or a material impairment of the value or priority of Lender’s 's security interests or mortgages in the Collateral.;
Appears in 2 contracts
Sources: Loan and Security Agreement (Ct Holdings Inc), Loan and Security Agreement (Eip Microwave Inc)
Material Impairment. There is a material impairment of the prospect of repayment of any material portion of the Obligations owing to Lender or a material impairment of the value or priority of Lender’s security interests or mortgages liens in the CollateralCollateral or collateral security granted by any U.K. Affiliate.
Appears in 1 contract
Sources: Loan and Security Agreement (Electronic Cigarettes International Group, Ltd.)
Material Impairment. There is a material impairment of the prospect of repayment of any material portion of the Obligations owing to Lender or a material impairment of the value or priority of Lender’s 's security interests or mortgages in the Collateral.
Appears in 1 contract